The
Features of IBC's Incorporation
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Incorporation time of company is subject to name approval, usually one day;
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Cannot undertake the business of banking, trusteeship and trust administration, insurance, assurance, reinsurance, fund management, investment funds, collective investment schemes or any other activity that would suggest an association with the banking, finance, fiduciary or insurance businesses.
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The minimum number of shareholders is one;
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Company secretary is mandatory, who may be a natural or corporate person of any nationality and need not be a resident of
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Minimum number of directors is three. Both natural persons and corporations are permitted of any nationality and may not need to be residents of
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Panamanian companies are also required to appoint a minimum of three officers (president,
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secretary and treasurer) who may also be the directors;
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No requirement if income is of non-Panamanian sources;
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No corporation tax is levied on non-Panamanian sourced income;
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Bearer shares are permitted;
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No disclosure of beneficial ownership to authorities;
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Registered office mandatory to be at the address of the Registered Agent;
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The usual authorized share capital is US$ 10,000 divided in to 100 common voting shares of US$ 100 each or 500 common voting shares of no par value;
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Corporate documents provided in Spanish accompanied by certified English translations;
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Mandatory that all Panamanian corporations must end with the suffix Corporation, Incorporated, Sociedad Anonima or the abbreviations Corp, Inc or SA. They may not utilize the suffix Limited or Ltd.
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